326 Tompkins Street Olean, NY $ 850,000
326 Tompkins Street
$ 850,000
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326 Tompkins Street

Olean, NY, 14760
$ 850,000
Bedrooms-- Baths-- Sq 5,235

Monthly Estimate*

$ 5,234

326 Tompkins Street, Olean, NY 14760 - Image 1
326 Tompkins Street, Olean, NY 14760 - Image 2
326 Tompkins Street, Olean, NY 14760 - Image 3
326 Tompkins Street, Olean, NY 14760 - Image 4
326 Tompkins Street, Olean, NY 14760 - Image 5
326 Tompkins Street, Olean, NY 14760 - Image 6
326 Tompkins Street, Olean, NY 14760 - Image 7
326 Tompkins Street, Olean, NY 14760 - Image 8
326 Tompkins Street, Olean, NY 14760 - Image 9
326 Tompkins Street, Olean, NY 14760 - Image 10
326 Tompkins Street, Olean, NY 14760 - Image 11
326 Tompkins Street, Olean, NY 14760 - Image 12
326 Tompkins Street, Olean, NY 14760 - Image 13
326 Tompkins Street, Olean, NY 14760 - Image 14
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326 Tompkins Street, Olean, NY 14760 - Image 16
326 Tompkins Street, Olean, NY 14760 - Image 17

Commercial Property for sale in Olean, NY

for $850,000. This 5,235 square foot building was built in 1900 on a lot size of 0.1483.

Attention investors!!!!! This is the kind of opportunity that doesn’t come around often. This impressive portfolio features 10 buildings with a total of 29 residential units, offering a strong and consistent income stream with potential gross rents approaching $300,000 annually. The unit mix provides built-in stability and flexibility, with a combination of 6-month leases, long-term tenants, and month-to-month occupants, allowing a new owner to optimize rents over time while maintaining immediate cash flow. A comprehensive package of rental riders and documentation is available, making due diligence seamless. The portfolio boasts a low turnover rate, reflecting tenant satisfaction and steady occupancy, while the properties have been well-maintained overall, with select units offering value-add potential through minor updates—an ideal scenario for increasing rents and maximizing return on investment. Conveniently located within the city, these properties are all in close proximity to employment opportunities, schools, churches, and shopping, making them highly desirable to tenants and easy to manage. Whether you’re looking to expand your existing portfolio or step into a high-performing investment, this is your chance to take control, build equity, and truly be your own boss with a scalable, income-producing asset. Rental Riders available for qualified buyers. Addresses include: 326 Tompkins St (6 unit) 112 N. 3rd (2 Unit), 230 N. 8th (4 unit), 537 Queen 2 unit), 1315-1317 Reed (3 unit), 308 S (2 unit), 661 S. Union (2 Unit), 1312 Walnut (2 unit), 602 Washington (2 unit), 710 W Sullivan (4 unit)

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Commercial Active

Price

$ 850,000

Property Type

Commercial

Taxes

$ 0

Style

Business

Lot Size

0.1483

Year Built

1900

Town/City

Olean

County/Region

Cattaraugus

MLS | Web ID

R1673942

Features
General
Sewer PublicSewer
Heating Other SeeRemarks
Cooling Other SeeRemarks
Utilities SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Other SeeRemarks
Zoning Residentia
Construction Materials Other
School District Olean
Year Built 1900
Stories Count 2
Township Not Applicable
Levels Two
Property Subtype Business
County Cattaraugus
Property Type CommercialSale
Possible Use Other Residential
Status Active
City Olean
High School District Olean
Zoning Description Residential Multi Use
Number Of Units Total 0
MLS Area Olean-City-041200
Lot Size Units Acres
Lot Size Square Feet 6460.0
Elementary School East View Elementary
Year Built Details Existing
Tax Annual Amount 0.0
Property Condition Resale
Lease Considered Y/N No
Standard Status Active
Middle/Junior School District Olean
Elementary School District Olean
Tax Assessed Value 75000
TaxOtherAnnualAssessmentAmount 0.0
Tax Lot 9
Property Sub Type Additional Business Apartment
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Interior
Total Fireplaces 0
Total Stories 2
Fireplace Y/N No
Main Level Bathrooms 0
Total Baths 0
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Exterior
Lot Features Rectangular RectangularLot
Water Source Public
Total Parking 2.0
Inclusions Land and Building
Lot Size Area 0.1483
Number of Buildings 10
Building Area Total 5235.0
Lot Dimensions 48X133
Lot Size Acres 0.1483
Waterfront Y/N No
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Internal Only
Street Number 1 326
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* Excluded Features
List By
Exp-Premier Listings Team

Broker

(716) 307-8894

Phone

Affordability Calculator

$5,234
Per Month
100%
0%
0%
Monthly Principal & Interest
$5,234
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3323494 Elementary School
3218948 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/20/2026$850,000 Listed Price

Map


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326 Tompkins Street, Olean, NY, 14760 is a Commercial Property for sale at $850,000 with 5,235 sqft and a lot size of 0.1483. 326 Tompkins Street was built in 1900. The property's zip code is 14760 which is in Olean, NY